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Popular Foundations IPO
Price Band
₹
Issue Size
₹19.87 Cr
Lot Size
3,000 shares
Min Investment
₹111,000
GMP
—
Issue Price
₹37.0
Popular Foundations IPO AI Summary
- Popular Foundations IPO is listed on BSE SME in the Civil Construction sector.
- Subscription window: 13 Sep–19 Sep 2024, listing on 24 Sep 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Popular Foundations IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Popular Foundations IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Founded in 1998, Popular Foundations Limited specializes in engineering and construction services and offers comprehensive end-to-end solutions in the construction sector. The company is dedicated to construction practice in various sectors such as factories, educational institutions, and commercial and residential projects. However, the company strategically focuses on non-residential and non-government construction projects in and around Chennai. Apart from Chennai, the company has successfully executed projects in Pondicherry, Tanjore, Bangalore, Trichy, Madurai, Vizhuppuram and Coimbatore. Competitive strengths: Experienced management team: The company's management team has experience in the industry and is responsible for the growth of operations and financial performance. On-time delivery and reputation building: By ensuring that projects are completed on time, the company empowers consumers to make informed decisions. In addition, completing projects on time helps improve the company's reputation in the marketplace, giving the company a competitive advantage. Quality design: The company's commitment to quality design sets it apart from the competition and ensures that its properties stand out in terms of aesthetics and functionality. Robust business model: The company's business model is a comprehensive framework that focuses on customer orientation, fair pricing and strategic market positioning. Established brand and reputation: The company offers its customers added value that helps to gain their trust. The brand and reputation with customers have not only contributed to the company's success, but have also positioned it for future business opportunities. As of September 07, 2024, the company employed 86 employees on-site and at headquarters, including senior executives.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 63.55 | 48.65 | 49.29 |
| Total Income | 51.91 | 48.67 | 26.30 |
| Profit After Tax | 3.48 | 1.20 | 0.48 |
| NET Worth | 23.13 | 14.84 | 13.84 |
| Reserves and Surplus | 8.12 | 13.84 | 12.84 |
| Total Borrowing | 15.78 | 17.54 | 18.35 |
Key Ratios
EPS
₹2.32
NAV
₹16.06
ROE
23.17%
ROCE
22.77%
RoNW
15.03%
P/B Value
2.30
P/E Ratio
15.97
Market Cap
₹75.40 Cr
PAT Margin
6.70%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Hindustan Construction Co.ltd. | 6.09 | 19.39% | 40.19 | 1.06 | 1.06 |
| Ncc Limited | 108.51 | 9.62% | 31.9 | 10.06 | 10.06 |
| Popular Foundations Limited This IPO | 16.06 | 15.03% | 15.35 | 2.41 | 2.41 |
Promoters
Ananthanarayanan Sankaralingam Venkatesh and Vinita Venkatesh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; 4.94 2 Funding the working capital requirements of the Company; and 11.86 3 General corporate purposes 1.08
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹26.30 Cr in the year ending 31 Mar 2022, rising to ₹48.67 Cr by 31 Mar 2023, and further increasing to ₹51.91 Cr by 31 Mar 2024.
Profit Trend
Profit after tax was ₹0.48 Cr in the year ending 31 Mar 2022, increasing to ₹1.20 Cr by 31 Mar 2023, and further rising to ₹3.48 Cr by 31 Mar 2024.
Valuation
Priced at roughly 15.35 trailing earnings, versus peers trading at P/E ratios of 31.9 to 40.19.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the IPO shares compared to the issue price. A positive GMP suggests that the shares are expected to list at a premium, while a negative GMP indicates a potential discount.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with a long track record may want to avoid IPOs like this, which can be subject to higher volatility and uncertainty.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is 13 September 2024, closing on 19 September 2024. Allotment of shares will be finalized by 20 September 2024, with the listing date set for 24 September 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the shares of an IPO are listed on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing. Investors should be cautious as listing-day prices can be volatile.
This evaluation is generated from Popular Foundations's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Popular Foundations IPO open and close?
Popular Foundations IPO opens on 13 September 2024 and closes on 19 September 2024.
When does Popular Foundations IPO list on the stock exchange?
Popular Foundations IPO listed on 24 September 2024 at ₹37.0.
What is the lot size for Popular Foundations IPO?
The lot size for Popular Foundations IPO is 3000 shares, requiring a minimum investment of ₹111,000.
What is the issue price of Popular Foundations Limited?
The issue price is ₹37.0.
What is the lot size for this IPO?
The lot size is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹111,000.
When does the IPO open and close for subscription?
The IPO opens on 13 September 2024 and closes on 19 September 2024.
When is the listing date for the shares?
The listing date is 24 September 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Sep 2024
Close
19 Sep 2024
Allotment
20 Sep 2024
Listing
24 Sep 2024
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